George Osborne has announced a partnership with former New York city mayor Michael Bloomberg to develop the Northern Powerhouse.
The MP for Tatton in Cheshire is launching a thinktank to promote the Northern Powerhouse. The board will include both business figures and political figures to ensure widespread representation, and Bloomberg will work with the body and offer his expertise.
The Northern Powerhouse project aims to narrow the economic gap between London and the north of England, and was regularly championed by Osborne during his six years as Chancellor of the Exchequer.
However the idea has also been widely criticised, and there has been speculation that Britain's new Prime Minister Theresa May is less than keen.
Osborne, who was fired in the reshuffle which followed Mrs May's arrival at 10 Downing Street, told the BBC that she had had "bit of a wobble" over the project but insisted it is "here to stay."
Osborne also tweeted on Friday that "chairing the new body, the Northern Powerhouse Partnership, will now be a major focus of my political energies."